AerCap Holdings (NYSE:AER) Sees Significant Drop in Short Interest


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AerCap Holdings (NYSE:AER) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 2,450,000 shares, a decline of 69.6% from the December 15th total of 8,070,000 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,130,000 shares, the days-to-cover ratio is currently 1.2 days.

Shares of AER stock traded down $1.61 during trading hours on Wednesday, hitting $44.74. 1,581,572 shares of the company were exchanged, compared to its average volume of 1,072,770. The firm has a market cap of $5.89 billion, a P/E ratio of -172.08 and a beta of 2.42. AerCap has a fifty-two week low of $10.42 and a fifty-two week high of $64.86. The company has a debt-to-equity ratio of 3.50, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50 day simple moving average of $42.53 and a two-hundred day simple moving average of $32.65.

AerCap (NYSE:AER) last announced its quarterly earnings data on Sunday, November 15th. The financial services provider reported ($6.33) EPS for the quarter, missing the consensus estimate of $1.40 by ($7.73). AerCap had a positive return on equity of 10.59% and a negative net margin of 0.37%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the business earned $2.01 EPS. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. As a group, sell-side analysts expect that AerCap will post 6.17 EPS for the current fiscal year.

A number of analysts have recently commented on AER shares. Barclays boosted their price objective on shares of AerCap from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 11th. Zacks Investment Research downgraded shares of AerCap from a “hold” rating to a “sell” rating in a report on Wednesday, November 11th. Bank of America raised shares of AerCap from a “neutral” rating to a “buy” rating and boosted their target price for the company from $36.00 to $47.00 in a research report on Tuesday, November 24th. ValuEngine cut shares of AerCap from a “hold” rating to a “sell” rating in a research report on Tuesday, December 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of AerCap from $44.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, December 21st. Three analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. AerCap presently has a consensus rating of “Hold” and an average target price of $44.00.

Several institutional investors and hedge funds have recently modified their holdings of AER. Ninety One UK Ltd lifted its holdings in shares of AerCap by 420.2% in the 2nd quarter. Ninety One UK Ltd now owns 2,775,691 shares of the financial services provider’s stock worth $85,491,000 after purchasing an additional 2,242,106 shares in the last quarter. ARGA Investment Management LP lifted its holdings in shares of AerCap by 45.4% in the 3rd quarter. ARGA Investment Management LP now owns 2,410,252 shares of the financial services provider’s stock worth $60,714,000 after purchasing an additional 752,642 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of AerCap by 45.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,026,746 shares of the financial services provider’s stock worth $51,048,000 after purchasing an additional 634,845 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of AerCap by 8.5% in the 3rd quarter. Donald Smith & CO. Inc. now owns 5,095,287 shares of the financial services provider’s stock worth $128,350,000 after purchasing an additional 399,671 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its holdings in shares of AerCap by 226.3% in the 3rd quarter. Voloridge Investment Management LLC now owns 471,359 shares of the financial services provider’s stock worth $11,874,000 after purchasing an additional 326,924 shares in the last quarter. Institutional investors own 85.69% of the company’s stock.

AerCap Company Profile

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

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